- Lara Exploration (LRA) resumes drilling at the Planalto Project in Brazil
- Two drill rigs have been mobilized, with a plan in the future to drill 3,000 metres north of Cupuzeiro
- There are also 1,800 metres of drilling, and the company has planned to test the gap between the Cupuzeiro target and the Homestead deposit
- The initial holes will be angled to the southwest on the same sections
- Lara will extend the footprint and better define the controls of the higher-grade mineralization
- Lara Exploration (LRA) is trading at C$0.64 at 11:41 am EST
Lara Exploration (LRA) received a new exploration permit from the Para State environmental authority SEMAS to extend drilling at the new Cupuzeiro discovery.
Two drill rigs have been mobilized, with a plan in the future to drill 3,000 metres north of Cupuzeiro.
There are also 1,800 metres of drilling, and the company has planned to test the gap between the Cupuzeiro target and the Homestead deposit, which is still subject to environmental permitting.
The initial holes will be angled to the southwest on the same sections.
The said holes will also be considered under the company’s plans as a ‘follow-up’ on the recently reported Cupuzeiro intercepts. This will extend the footprint and better define the controls of the higher-grade mineralization.
The Planalto Copper Project covers meta-volcano-sedimentary sequences and intrusives of the early Proterozoic age with IOCG-type mineralization.
The projects are near Vale’s Sossego mine, Cristalino deposit, and Oz Minerals’ Pedra Branca mine in the Carajás Mineral Province of northern Brazil.
Lara is an exploration company that generates prospects and explores them in joint ventures funded by partners, retaining a minority interest and or a royalty.
Lara Exploration (LRA) is trading at C$0.64 at 11:41 am EST.
